DeFi has evolved so much so far that now we have different several crypto decentralized exchange platforms, there are some on the ETH network, BSC, Solana or the Avalanche network. But still it has been hard for most to integrate and embrace other network chain, not to mention a derivative exchange.
What is a Derivative exchange? It is an exchange that allows traders to derive value from underlying assets such as secondary contracts, futures or perpetual contracts. And they are not very dominant on the decentralized platform, this is something Plutos Network wants to change.
How?
Plutos Network is a decentralized cross chain synthetic issuance and trading platform that offers infinite liquidity based on the schemes of Staking, Minting and integrating Blockchains such as the Solana, Polkadot and BSC network.
Also, with the integration of the Solana, Polkadot and BSC network; Plutos gets to enable onchain and cross chain liquidity while also offering synthetic products that are quite good and profitable for users.
Also, Plutos Network applies both on-chain and off-chain oracle feedings to the platform to make sure that users have the best and real-time data feeding to minimize the possibility of slippage.
While also offering plutos users a larger variety of synthetic assets including cryptos, stocks, commodities etc.
Key Components of the Plutos Network Includes:
- Plutos Staking
- Plutos Market
- Plutos Pool
- Derivative Issuance and Trading
- Decentralized Multi-asset Collateral Pool
How and Where to Buy Plutos Network (PLUT)?
To buy plut tokens, all you need is your dapp browser, bnb bsc tokens for gas and to pay transaction fees, and you can then buy on the Pancakeswap dex.
Here is the trading link — https://pancakeswap.finance/swap#/swap?outputCurrency=0x2984f825bfe72e55e1725d5c020258e81ff97450
Here is the contract — 0x2984F825Bfe72e55e1725D5c020258E81ff97450
Plut Token Use Cases & Economics
- DAO Governance — Only PLUT tokens holders can participate in the governance of the entire network.
- Rewards — PLUT will be distributed to the users who issue and trade derivatives, and also provide liquidity in the platform.
- Commission — $PLUT will be used as commission medium to pay for the fees incurred during transactions.
Learn more —
Author — Ifeoluwa
